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‘There’s A Chance’ Stagflation May Happen, JPMorgan CEO Jamie Dimon Warns

  • JPMorgan CEO Jamie Dimon warned on May 22, 2025, in Shanghai that stagflation remains a potential risk for the U.S. Economy.
  • Dimon linked this risk to rising inflation driven by large fiscal deficits, trade disruptions, remilitarization, and tax legislation increasing the debt burden.
  • He noted that the Federal Reserve is holding interest rates steady while facing a complex environment marked by uncertain tariff impacts and geopolitical tensions.
  • Dimon stated, "I think there's a chance you'll have stagflation" but clarified, "That does not tell you what the future's going to be" and supported the Fed's cautious wait-and-see strategy.
  • He emphasized preparedness for stagflation risks amid ongoing trade talks and fiscal challenges, implying the U.S. Economy faces sustained inflationary pressures despite recent soft-landing signs.
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Chief Executive Officer North America broke the news in on Wednesday, May 21, 2025.
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